The 2x Bitcoin Strategy ETF (BITX) closed down 5.33% on February 4, 2025, at $55.57, as Bitcoin's price fell 4.27% to $97,141.77 amid escalating U.S.-China trade tensions. China's imposition of retaliatory tariffs on U.S. coal has heightened market unease, prompting investors to retreat from riskier assets like Bitcoin. This geopolitical friction has led to a net outflow of $235 million from Bitcoin-focused ETFs, reflecting a cautious stance among institutional investors. Additionally, open interest in Bitcoin futures on the CME Group's derivatives exchange dropped by 4%, indicating a conservative approach by traders. Despite President Donald Trump's pro-crypto stance, the market remains volatile, with Bitcoin trading approximately 10% below its record high.